Victoria Land Transfer Duty Calculator
Victoria's land transfer duty is charged on a progressive scale from 1.4% to 6.5%, administered by the State Revenue Office of Victoria (SRO). First home buyers in Victoria can receive a full exemption on properties up to $600,000, with the concession tapering out to $750,000.
Rates effective from July 1, 2024Official source: sro.vic.gov.auPage updated July 2, 2026
Enter a property value to see your estimated tax.
Current Victoria Land Transfer Duty rates
Victoria Land Transfer Duty — General/Investor rates (Victoria) — applies to: regular buyer, residential. Each rate applies only to the portion of the price that falls within its band, not to the whole price.
| Property value band | Rate |
|---|---|
| Up to $25,000 | 1.40% |
| $25,001 – $130,000 | 2.40% |
| $130,001 – $960,000 | 6.00% |
| $960,001 – $2,000,000 | 5.50% |
| Above $2,000,000 | 6.50% |
| Foreign purchaser additional dutyAdditional duty for foreign persons/entities buying residential property. | 8.00% of value |
Rates effective from July 1, 2024Official source: sro.vic.gov.au
Victoria Land Transfer Duty: worked examples
What you would pay at common purchase prices (regular buyer, residential), calculated with the same engine as the calculator above.
| Purchase price | Total tax | Effective rate |
|---|---|---|
| $600,000 | $31,070 | 5.18% |
| $900,000 | $49,070 | 5.45% |
| $1,500,000 | $82,370 | 5.49% |
Step by step: Victoria Land Transfer Duty on a $900,000 property
- 1.40% on $25,000 (up to $25,000)$350
- 2.40% on $105,000 ($25,001 – $130,000)$2,520
- 6.00% on $770,000 ($130,001 – $960,000)$46,200
- Total$49,070
How it works
Duty is calculated using marginal bands: 1.4% on the first $25,000, 2.4% on $25,001–$130,000, 6% on $130,001–$960,000, 5.5% on $960,001–$2,000,000, and 6.5% above $2,000,000. For first home buyers, duty is waived entirely on properties up to $600,000.
Calculation methodology
This calculator applies SRO Victoria's published transfer duty bands progressively to your purchase price. Note: for properties above $960,000, Victoria's official schedule technically applies a 5.5% flat rate to the full dutiable value rather than only the marginal excess — this calculator uses a progressive model which produces a very close approximation. Foreign buyers are charged an additional 8% Absentee Owner Surcharge on top of the standard duty.
Exemptions & reliefs
First home buyers pay no duty on properties up to $600,000 (principal place of residence). Between $600,000 and $750,000, a partial concession applies. Foreign persons and corporations pay an additional 8% Absentee Owner Surcharge.
Recent rule changes
The 6.5% top rate above $2,000,000 (incorporating the additional residential property duty) applies from 2023–24. First home buyer thresholds of $600,000 and $750,000 have been in place since 2017.
Glossary
SRO: State Revenue Office of Victoria. Absentee Owner Surcharge: an additional 8% duty on residential property bought by absentee owners (including foreign persons). Dutiable value: the property's price or market value, whichever is higher.